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Apple Inc. (NASDAQ:AAPL) Shares Sold by Capital International Ltd. CA

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Capital International Ltd. CA decreased its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 14.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,999 shares of the iPhone maker's stock after selling 22,730 shares during the quarter. Apple comprises about 1.4% of Capital International Ltd. CA's portfolio, making the stock its 16th biggest position. Capital International Ltd. CA's holdings in Apple were worth $34,808,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AAPL. Norges Bank purchased a new stake in shares of Apple during the fourth quarter valued at $46,868,648,000. Vanguard Group Inc. raised its stake in Apple by 3.7% in the 4th quarter. Vanguard Group Inc. now owns 1,395,785,512 shares of the iPhone maker's stock worth $349,532,608,000 after acquiring an additional 49,168,843 shares during the last quarter. Proficio Capital Partners LLC lifted its position in Apple by 23,555.4% during the 4th quarter. Proficio Capital Partners LLC now owns 21,055,240 shares of the iPhone maker's stock worth $5,272,653,000 after acquiring an additional 20,966,232 shares during the period. Demars Financial Group LLC grew its stake in Apple by 24,931.3% during the 4th quarter. Demars Financial Group LLC now owns 10,368,233 shares of the iPhone maker's stock valued at $2,596,413,000 after purchasing an additional 10,326,812 shares during the last quarter. Finally, Strategic Financial Concepts LLC increased its holdings in shares of Apple by 25,285.2% in the fourth quarter. Strategic Financial Concepts LLC now owns 9,628,864 shares of the iPhone maker's stock valued at $2,411,260,000 after purchasing an additional 9,590,933 shares during the period. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Apple Stock Down 1.4%

Shares of Apple stock traded down $2.78 on Tuesday, reaching $195.64. 38,709,101 shares of the company were exchanged, compared to its average volume of 54,477,201. The stock's 50 day moving average price is $202.21 and its 200-day moving average price is $222.47. The company has a market cap of $2.92 trillion, a P/E ratio of 30.47, a price-to-earnings-growth ratio of 2.22 and a beta of 1.22. Apple Inc. has a 1-year low of $169.21 and a 1-year high of $260.10. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.82 and a quick ratio of 0.78.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The iPhone maker reported $1.65 EPS for the quarter, topping the consensus estimate of $1.62 by $0.03. Apple had a net margin of 24.30% and a return on equity of 167.24%. The company had revenue of $95.36 billion during the quarter, compared to analysts' expectations of $94.04 billion. During the same quarter in the previous year, the business posted $1.53 EPS. The firm's revenue was up 5.1% on a year-over-year basis. As a group, equities analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 12th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Monday, May 12th. This is a positive change from Apple's previous quarterly dividend of $0.25. Apple's dividend payout ratio is 16.20%.

Apple declared that its board has approved a share buyback plan on Thursday, May 1st that authorizes the company to repurchase $100.00 billion in outstanding shares. This repurchase authorization authorizes the iPhone maker to purchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Citigroup reaffirmed a "buy" rating on shares of Apple in a report on Tuesday, June 10th. Monness Crespi & Hardt raised their price target on shares of Apple to $245.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. DA Davidson lifted their price objective on shares of Apple from $230.00 to $250.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Scotiabank lowered shares of Apple to a "market perform" rating in a research note on Friday, May 2nd. Finally, KeyCorp upgraded shares of Apple from an "underweight" rating to a "sector weight" rating in a research report on Monday, April 14th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $234.86.

Check Out Our Latest Report on AAPL

Insider Activity at Apple

In other news, COO Jeffrey E. Williams sold 35,493 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $224.01, for a total value of $7,950,786.93. Following the transaction, the chief operating officer now owns 390,059 shares in the company, valued at approximately $87,377,116.59. This represents a 8.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Kevan Parekh sold 4,570 shares of the firm's stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $206.00, for a total value of $941,420.00. Following the sale, the chief financial officer now directly owns 4,569 shares in the company, valued at $941,214. This trade represents a 50.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 191,507 shares of company stock valued at $42,694,080 over the last quarter. 0.06% of the stock is owned by insiders.

About Apple

(Free Report)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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